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Jun 16, 2012
06/12
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a tax increase, not a tax cut. and the greatest increase according to the distribution tables were to incomes at the top. but i would say within three months after the enactment of that statute, more liberal politicians already were screaming that the rate on wealthy people were too low, and they wanted to increase it. i think if you buy off on this myth that you'll trade tax expenditures for a lower rate, you're going to end up with no tax expenditures and a higher rate in the end. now maybe that's what people want. but i think on one side of the aisle that's not what they want, but that's what they're going to end up with, in the long run. >> you have a response? >> most of the base broadening in '86 was actually on the corporate side. and actually a lot of those changes survived. it is true that rates went up. also, right after tax reform is enacted, there was a -- i'll call it a lower capital gains tax rate, and to restore the tax investment credit, one of which eventually happened. i mean it certainly for peop
a tax increase, not a tax cut. and the greatest increase according to the distribution tables were to incomes at the top. but i would say within three months after the enactment of that statute, more liberal politicians already were screaming that the rate on wealthy people were too low, and they wanted to increase it. i think if you buy off on this myth that you'll trade tax expenditures for a lower rate, you're going to end up with no tax expenditures and a higher rate in the end. now maybe...
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136
Jul 17, 2011
07/11
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>> if you took on a broader tax reform including a switch away from an income tax to a vat tax you have the option of being revenue neutral and settings does not heard investment. >> on lowering the rate and broadening the base, if you do away with all the tax expenditures, it gets you to about 28%. what i have been during most recently that deals with this debt ceiling debate -- and i hear from people for my district -- 100% disabled vietnam veteran said they did that get to social security check he will live in his car. they say this will be devastating for agriculture and it will take decades to recover from loss of not doing the debt ceiling. can you tell us what the priority would be for paying our debts if we don't pass the debt ceiling? >> i'm afraid that is not within my area of expertise. >> from your experience, it would be the treasury? >> no, treasury is on the tax collection side instead of paying out. >> can anyone tell us what the fiscal impact would be if the debt ceiling is not raised? how many years would it take for us to recover from the hit even if it is a few days
>> if you took on a broader tax reform including a switch away from an income tax to a vat tax you have the option of being revenue neutral and settings does not heard investment. >> on lowering the rate and broadening the base, if you do away with all the tax expenditures, it gets you to about 28%. what i have been during most recently that deals with this debt ceiling debate -- and i hear from people for my district -- 100% disabled vietnam veteran said they did that get to social...
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33
Oct 7, 2017
10/17
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CSPAN
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eye 33
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sales tax is a form of consumption task -- tax. i agree with you figuring out ways to tax consumption would be go for the economy. i like something called the progressive consumption tax, a tax on consumption. you don't tax what you save, but it has progressive rates, so the tax would be higher the more you spend, which would mean it would be progressive and distribution could be similar to what we have today. i think the question really all -- in all of this is how much congress can bite off. they are talking about something very significant with improvements structurally and we will see if they are able to get it done. something even bigger like you or i are talking about with a consumption tax or also a carbon tax which could help with the energy environment and revenue, i think those big changes probably aren't in the cards for the immediate future. i that we will talk more about them in the coming years. no matter where we are with the tax reform bill, it's unlikely it is consistent with a plan that is big enough to address th
sales tax is a form of consumption task -- tax. i agree with you figuring out ways to tax consumption would be go for the economy. i like something called the progressive consumption tax, a tax on consumption. you don't tax what you save, but it has progressive rates, so the tax would be higher the more you spend, which would mean it would be progressive and distribution could be similar to what we have today. i think the question really all -- in all of this is how much congress can bite off....
102
102
Jan 5, 2013
01/13
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eye 102
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income taxes go up one dime. we maid sure that millions of families will continue to see tax credits. companies will continue to receive tax breaks for the research they do, investments they make, and the clean energy jobs they make. two million americans that are out of work will continue to receive unemployment benefits as long as they are actively looking for a job. we still need to do more to put americans back to work while also putting this country on a path to pay down its debt. our economy can't afford more showdowns on the manufacturing crisis along the way. even as our businesses created two million new jobs last year, including 168,000 jobs last month the dysfunction in congress made consumers less confident. we know there is a path forward. i signed into a law a deaf reduction. this week's action further reduces the deaf -- deficit. i'm willing to do more. i believe we can find more places to cut spending without short-changing things like education, job training, research and technology all of which
income taxes go up one dime. we maid sure that millions of families will continue to see tax credits. companies will continue to receive tax breaks for the research they do, investments they make, and the clean energy jobs they make. two million americans that are out of work will continue to receive unemployment benefits as long as they are actively looking for a job. we still need to do more to put americans back to work while also putting this country on a path to pay down its debt. our...
1
1.0
Jun 24, 2021
06/21
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CSPAN3
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eye 1
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tuition tax credits the unfairness of the inheritance tax especially to the family-owned farm and the family-owned business and a number of others. but our program for economic recovery is so urgently needed to be begin to bring down inflation that i'm asking you to act on this plan first and with great urgency and then i played i will join with you in seeking these additional tax changes at the earliest date possible. american society experienced a virtual explosion in government regulation during the past decade. between 1970 and 1979 expenditures for the major regulatory agencies quadrupled the number of pages least annually in the federal register nearly tripled. the number of pages in the code of federal regulations increased by nearly two-thirds the result has been higher prices higher unemployment and lower productivity growth. over regulation causes a small and independent businessmen and women as well as large businesses to defer terminate plans for expansion. since their responsible for most of the new jobs those new jobs just aren't created. now we have no intention of dism
tuition tax credits the unfairness of the inheritance tax especially to the family-owned farm and the family-owned business and a number of others. but our program for economic recovery is so urgently needed to be begin to bring down inflation that i'm asking you to act on this plan first and with great urgency and then i played i will join with you in seeking these additional tax changes at the earliest date possible. american society experienced a virtual explosion in government regulation...
209
209
Jun 20, 2015
06/15
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eye 209
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of tax reform. kimberly: what are the biggest threats to u.s. businesses from this project? where they are headed on these rules? rep. ryan: that you will have a system where there is no haven for lower tax rates and we have other countries trying to assert their jurisdiction into our domestic firms to tax them. where we break down these traditionally observed international legal barriers between firms and countries. kimberly: there seems to be other things like disclosure requirements. you mentioned them in the letter. rep. ryan: that is something we are very concerned about. we're concerned about ip protection, data protection, and the privacy of firms. i think we will probably get into this conversation on tax reform we want to acknowledge the fact that it is probably in our interest to see if we can move quickly to do international reforms that address this issue so as to cauterize it, in a way, to prevent the corporate tax base being eroded so we have a tax base to work with. kimberly: so this
of tax reform. kimberly: what are the biggest threats to u.s. businesses from this project? where they are headed on these rules? rep. ryan: that you will have a system where there is no haven for lower tax rates and we have other countries trying to assert their jurisdiction into our domestic firms to tax them. where we break down these traditionally observed international legal barriers between firms and countries. kimberly: there seems to be other things like disclosure requirements. you...
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230
May 30, 2010
05/10
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WUSA
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jurisdiction where's they live. >> it's not a commuter tax. but from our tax dollars that we generate, we should be able to keep the dollars in the city. >> reporter: washington d.c. councilman thomas said that and estimated $5 million is lost there other jurisdictions. >> i think that is a terrible idea. >> reporter: the bill introduced today during some tough budget decision was require city worker was pay their income taxes in the district. >> i work for the city. i should give back to it. it's a fair deal. andoff to pay that much with my maryland taxes. >> reporter: that's more than a hundred million dollars that washington d.c. works are paying to their home states of maryland and virginia. and you can bet that the leaders on capitol hill are not about to let this washington d.c. go through. the legislatures said they're trying head off a 300 to $400 million deficit. but a new tax on the city's wealthiest residents failed today. money for new street carses with cut from the bedroom gets. funds were identified to purchase three now cars no
jurisdiction where's they live. >> it's not a commuter tax. but from our tax dollars that we generate, we should be able to keep the dollars in the city. >> reporter: washington d.c. councilman thomas said that and estimated $5 million is lost there other jurisdictions. >> i think that is a terrible idea. >> reporter: the bill introduced today during some tough budget decision was require city worker was pay their income taxes in the district. >> i work for the...
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62
Feb 16, 2015
02/15
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eye 62
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i want not only a flat tax, but flat tax that is a tax cut. let me caution my party that we must be aware of the candidates. those who put the letters at the end of every word. these candidates will end up putting our country in the emergency room. another pillar of a family-friendly policy, money, low mortgage rates. the house that your parents and grandparents bought was probably bought with a 4.5% mortgage. the washington politicians took control of our money and started manipulating it for their own ends. they sat here in washington pushed their buttons, and turn the everyday economic reality to the nightmare on m street. the legacy of their power grout is the historically high interest rates that make families slaves to their mortgages. high taxes and mortgage rates have put families on a treadmill. this is why to family incomes today don't seem to do the job. we must take our money out of the hands of the politicians, we can bring back 4.5% more mortgages and give the economy a boost. a dollar today would be worth a dollar tomorrow. imag
i want not only a flat tax, but flat tax that is a tax cut. let me caution my party that we must be aware of the candidates. those who put the letters at the end of every word. these candidates will end up putting our country in the emergency room. another pillar of a family-friendly policy, money, low mortgage rates. the house that your parents and grandparents bought was probably bought with a 4.5% mortgage. the washington politicians took control of our money and started manipulating it for...
148
148
Dec 11, 2010
12/10
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eye 148
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they'd save more than $4,000 because of the middle class tax cuts -- including a $2,500 tax credit to go toward college tuition. and it's going to make an enormous difference for people looking for jobs. for many of these families, emergency unemployment insurance is the last line of defense between hardship and catastrophe. and i'd point out, if these folks stop spending money, it will also hurt businesses, which will hurt hiring, which will damage our recovery. so this plan is going to help millions of families to make ends meet, through tax cuts and unemployment insurance for people who've lost their jobs by no fault of their own. and we included tax relief for businesses, too -- making it easier for them to invest and expand. all told, this will not only directly help families and businesses. by putting more money in people's pockets, and helping companies grow, we're going to see people being able to spend a little more, we're going to spur hiring -- we're going to strengthen our entire economy. now, i recognize that many of my friends in my own party are uncomfortable with some
they'd save more than $4,000 because of the middle class tax cuts -- including a $2,500 tax credit to go toward college tuition. and it's going to make an enormous difference for people looking for jobs. for many of these families, emergency unemployment insurance is the last line of defense between hardship and catastrophe. and i'd point out, if these folks stop spending money, it will also hurt businesses, which will hurt hiring, which will damage our recovery. so this plan is going to help...
301
301
Jan 27, 2012
01/12
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CSPAN3
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eye 301
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while i know the sales tax is regressive, you know what i find even more regressive? its cuts in education that will hit our low-income students the hardest. it's more cuts in our social safety net to poor seniors and people with developmental disabilities, and it's cuts to public safety that will impact our poor neighborhoods the most. that's regressive. [ applause ] >> remember, the last time that we raised the state sales tax was 1983 under a republican governor during the worst recession until this one. so today i ask you to listen to your hearts as well as to your heads. will that 85-year-old woman with failing health who needs health to live and dignity at home find it regressive? will that student who faces the difference between a mediocre education or a great one find it regressive? will that family living in fear of a criminal getting out of prison five months early with little supervision find it regressive? no. they will say it's the right thing to do because it is, and they will remember that we didn't wait for things to get better, we made them better. [
while i know the sales tax is regressive, you know what i find even more regressive? its cuts in education that will hit our low-income students the hardest. it's more cuts in our social safety net to poor seniors and people with developmental disabilities, and it's cuts to public safety that will impact our poor neighborhoods the most. that's regressive. [ applause ] >> remember, the last time that we raised the state sales tax was 1983 under a republican governor during the worst...
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Oct 31, 2018
10/18
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CSPAN2
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eye 53
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>> we can protect middle-class tax cuts that doesn't benefit the top 1%. >> so you support the tax cuts? >> no, the middle-class tax cuts. >> middle-class, joe. >> 80% of the benefit is going to the top 1%. let me finish. the deficit will balloon to $1.1 trillion. the senate majority leader, bo both, have all said their plan for the next session is to cut medicare, it's on the record, it's a fact. [crowd boos] it's interesting you want to be a fiscal hawk when you order for 2 billion-dollar tax increase for the state of minnesota and it's a critical to stand. >> let him respond. >> the bottom line, the tax cuts and job ask has reinvigorated the economy. small business owners really appreciate that. >> $2 billion. i am guilty of charge. here's the deal, eight of the ten years, they save budget deficit. didn't have to cut the shop classes, the issue here is that the 200 -- we increase taxes by 2% above $250,000 for joint filers. if you made $250,000, he paid an additional $200 in income dollars. most people are not making that. they are going to be hurt by cuts in the schools. >> the taxp
>> we can protect middle-class tax cuts that doesn't benefit the top 1%. >> so you support the tax cuts? >> no, the middle-class tax cuts. >> middle-class, joe. >> 80% of the benefit is going to the top 1%. let me finish. the deficit will balloon to $1.1 trillion. the senate majority leader, bo both, have all said their plan for the next session is to cut medicare, it's on the record, it's a fact. [crowd boos] it's interesting you want to be a fiscal hawk when you...
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28
Sep 29, 2017
09/17
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CSPAN
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eye 28
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a zero percent tax rate. this bold reform helps provide americans with new tools they can use to do their jobs better more effectively. greater productivity helps our businesses grow, serves our customers and creates jobs. just as important, it helps you earn a larger paycheck. a larger paycheck. move up in the workplace. even learn new skills that can benefit you in a future job. i'll finish with this on growing paychecks. we're finally moving america to a modern territorial tax system. unlike the rest of our international competitors, america still forces our businesses to pay u.s. tax on their earnings overseas. these taxes come on top of what our companies are already paying in taxes in other countries. so not only making it more difficult today for businesses to compete globally, our current tax code makes it more attractive to keep their earnings abroad and invest in growing foreign operations. if so, let's stop doing that. it's past time we move to a 21st century tax system that encourages our business
a zero percent tax rate. this bold reform helps provide americans with new tools they can use to do their jobs better more effectively. greater productivity helps our businesses grow, serves our customers and creates jobs. just as important, it helps you earn a larger paycheck. a larger paycheck. move up in the workplace. even learn new skills that can benefit you in a future job. i'll finish with this on growing paychecks. we're finally moving america to a modern territorial tax system. unlike...
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57
Apr 27, 2017
04/17
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eye 57
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tax cuts should not be conflated with tax reform. my vision is one in which we recognize that revenue is inadequately low benchmarked. demographics alone, we need more revenue, not less. , whetherenges geopolitical or environmental, we need more revenue not less. i am not alone in that view. tax reform should not be this equalizing. -- dis-equalizing. the mnuchinllow rule, where you don't see tax cuts for the wealthy. everything we have seen goes far in the other direction. this is not tax reform, these are regressive tax cuts that will exacerbate our fiscal challenges. >> you have dealt with this issue. a few have scars to prove it. what advice would you give the trump administration not at they are just starting this initiative? >> what we have heard is critical in that the administration is engaged with house and senate leadership that is interested in advocating for tax reform. they can certainly help try to get through the ups and downs that will be natural in any legislative process. the fact that they are pushing news.d on it
tax cuts should not be conflated with tax reform. my vision is one in which we recognize that revenue is inadequately low benchmarked. demographics alone, we need more revenue, not less. , whetherenges geopolitical or environmental, we need more revenue not less. i am not alone in that view. tax reform should not be this equalizing. -- dis-equalizing. the mnuchinllow rule, where you don't see tax cuts for the wealthy. everything we have seen goes far in the other direction. this is not tax...
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29
Dec 14, 2017
12/17
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CSPAN
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eye 29
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a huge hidden tax. we are making great progress on that, reform the tax code to get faster economic growth, higher paychecks. people, this is going to be the new economic challenge for america. people. baby boomers are retiring. i did my part, but we need to have the higher birth rates in this country meaning baby boomers are retiring and fewer people are following them in the work force. we had a 90% increase in the retirement population but 19% of the working population in america. what do we have to do? be smarter more efficient, more technology. and when we have tens of millions of people right here in this country falling short of their potential, not working, not looking for a job or in a school to get a job, that's a problem. we need to tackle these things. next thing we want to take on criminal justice reform, skills, giving people the skills they need and want and welfare reform. those are the kind of entitlement reforms we are talking about. the last point i'll say is obamacare is collapsing a
a huge hidden tax. we are making great progress on that, reform the tax code to get faster economic growth, higher paychecks. people, this is going to be the new economic challenge for america. people. baby boomers are retiring. i did my part, but we need to have the higher birth rates in this country meaning baby boomers are retiring and fewer people are following them in the work force. we had a 90% increase in the retirement population but 19% of the working population in america. what do we...
30
30
Jun 14, 2017
06/17
by
CSPAN3
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eye 30
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behave true tax reform. the second part of that is time is critical. chairman jordan as i fondly refer to him, introduced a bill that looked at real reform. that welfare reform has potential of creating $400 billion in revenue that we can allocate and move across. i look forward to hearing more from him on that. we believe that time is of the essence. by that we need to get tax reform done sooner than later. by that we should have a real proposal that we start debating before we leave the end of july. but if not we have already taken a formal position. we believe we need to stay in through august to get it done to make sure we put the priority first on the legislative ajean da. we mooef you ought to stay here. i think is phone dag of m coing together will be laying out some four principals we think can bring consensus and then have vigorous debate in terms of what may or may not work. thank you for joining us. it's a great crowd today. look forward to having good discussion. >> thank you. my first question i
behave true tax reform. the second part of that is time is critical. chairman jordan as i fondly refer to him, introduced a bill that looked at real reform. that welfare reform has potential of creating $400 billion in revenue that we can allocate and move across. i look forward to hearing more from him on that. we believe that time is of the essence. by that we need to get tax reform done sooner than later. by that we should have a real proposal that we start debating before we leave the end...
7
7.0
Aug 26, 2021
08/21
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CSPAN3
tv
eye 7
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i'm well aware there are many other desirable and needed tax changes such as indexing the income tax brackets to protect taxpayers against inflation. the injust discrimination against married couples in working and earning, tuition tax credits, the unfairness of the inheritance tax especially to the family-owned farm and business and a number of others. our program for economic recovery is so urgently needed to begin to bring down inflation that i'm asking you to act on this plan first and with great urgency and that i pledge i will join with you in seeking these additional tax changes at the earliest date possible. [ applause ] the number of pages published annually in the federal register nearly tripled. the number of phases increased by nearly two-thirds. the result 45b higher prices, higher unemployment, and lower productivity growth. over regulation causes small and independent businessmen and women as well as large businesses to defer and terminate plans for expansion. since they're responsible for most of the new jobs, those new jobs just aren't created. now we have no intenti
i'm well aware there are many other desirable and needed tax changes such as indexing the income tax brackets to protect taxpayers against inflation. the injust discrimination against married couples in working and earning, tuition tax credits, the unfairness of the inheritance tax especially to the family-owned farm and business and a number of others. our program for economic recovery is so urgently needed to begin to bring down inflation that i'm asking you to act on this plan first and with...
13
13
Feb 23, 2018
02/18
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CSPAN
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eye 13
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we passed the biggest tax cuts in our country, and it was called tax cut and reform. i said to our people, don't use the word reform because -- no wonder for 45 years nothing has been passed because people want tax cuts. they don't know what reform means come reform could meet you pay more tax. so i convinced politicians weapon this all their lives, and they do a great job in many cases, but this is one where they were calling the tax reform act of whatever your we want to push. so they have the reform act, and that was it. now it is called the tax cut act, and jobs, week had to add jobs because we are picking up a tremendous number of jobs. 2.7 million jobs this year. [applause] so, people here tax cuts, and it has been popular. it started off a little slow, and that it got past and we got great help. we got great help in the senate and the house, we have guys here today -- we have a lot of congressmen and senators. we had a lot of help, and we got it passed. it was not easy, we had one democratic vote, and i think that is going to cost them in the midterms. whatever
we passed the biggest tax cuts in our country, and it was called tax cut and reform. i said to our people, don't use the word reform because -- no wonder for 45 years nothing has been passed because people want tax cuts. they don't know what reform means come reform could meet you pay more tax. so i convinced politicians weapon this all their lives, and they do a great job in many cases, but this is one where they were calling the tax reform act of whatever your we want to push. so they have...
125
125
Dec 1, 2012
12/12
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CSPAN2
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eye 125
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we have spent a lot of time working on energy taxes or the alternative of energy taxes. .. >> debt is higher now than since world war, and 90% of the debt was owned to the americans, and the reason that the pressures don't seem as real as they are, and here, i want to be clear that the pressures are not next year and the year after. the pressures are between now and 2020 or even later is that europe has been in such a bad shape. that is, when you tie your monetary souls together and ignore your fiscal side, and when they get out, there's huge risks, but i would urge people in washington would not underestimate the price paid by the debt ceiling debacle of last year. it was not that we downgraded our debt and then our interest rates didn't change. that's a misreading. what happened is that the financial markets are spooked by the uncertainty in washington and by the belief to win anything no matter how stupid, and let us be clear, not raising the debt ceiling on the table again is as stupid a policy as anyone can imagine. the whole debt ceiling doesn't make sense, and the idea you will
we have spent a lot of time working on energy taxes or the alternative of energy taxes. .. >> debt is higher now than since world war, and 90% of the debt was owned to the americans, and the reason that the pressures don't seem as real as they are, and here, i want to be clear that the pressures are not next year and the year after. the pressures are between now and 2020 or even later is that europe has been in such a bad shape. that is, when you tie your monetary souls together and...
143
143
Jun 25, 2011
06/11
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eye 143
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i want to see is too fundamental tax reform and deal with tax policy outside of that. >> your idea is to broaden the base, lower the rates, and in the with the same revenue -- end up with the same revenue we would have under the current law. >> i call it the high school physics scoring system. they assume if you have a simpler or better code, you will not see economic growth. we want to see economic growth. we believe that will occur if you use the house budget press the fundamental tax reform. independent economists say 1 million jobs in the first year. >> if you are looking at the world from china, it looks like foo fighting. at some point, you will have to compromise with democrats to get this done. i do not understand how we get that if this is more than just a negotiating position on revenue. >> we would like overspending then they want. there will have to be compromise there. the fact the economy is not recovering and we're not seeing unemployment godown, to raise revenue of small-business owners is a big mistake. >> where would be the least damaging place to raise revenues? >>
i want to see is too fundamental tax reform and deal with tax policy outside of that. >> your idea is to broaden the base, lower the rates, and in the with the same revenue -- end up with the same revenue we would have under the current law. >> i call it the high school physics scoring system. they assume if you have a simpler or better code, you will not see economic growth. we want to see economic growth. we believe that will occur if you use the house budget press the fundamental...
27
27
Dec 22, 2017
12/17
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CSPAN
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eye 27
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tax credit -- tax child credit? measly. announcer: c-span's washington journal, live every day with news and policy issues that impact you. coming up friday morning, stephen mansfield, author of choosing donald trump, discusses his washington times op-ed about trump and evangelical voters. on the past year of politics and what to expect in 2018. be sure to watch c-span's washington journal, live at seven eastern on friday morning. join the discussion. tv oneekend on book c-span2. eastern, the:45 impact technology has had on trust in a book, who can you trust? >> is technology making us smarter about who we trust or is it encouraging us to put our trust in the wrong people? sunday, amy goldstein talks about the closing of the general modal's assembly plant during the great recession. >> this is a story about dislocated workers. they have lost their job and it is not likely to come back. they are called dislocated workers. i decided what i wanted to illustrate was what choices people make when there are no good choices left.
tax credit -- tax child credit? measly. announcer: c-span's washington journal, live every day with news and policy issues that impact you. coming up friday morning, stephen mansfield, author of choosing donald trump, discusses his washington times op-ed about trump and evangelical voters. on the past year of politics and what to expect in 2018. be sure to watch c-span's washington journal, live at seven eastern on friday morning. join the discussion. tv oneekend on book c-span2. eastern,...
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21
Feb 16, 2015
02/15
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CSPAN
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eye 21
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there would be no tax on social security tax on capital gains. it would set off a boom by letting people keep more of what they earn and lowering barriers to risk-taking. sometimes economic policymakers overlook a flat tax and tax cut would set off a boom by letting people keep more of what they earn and lowering barriers to risk-taking. only then do you create edit paying jobs. i will underline this distinction between my proposal and those offered by other candidates in this political season. i am calling for a tax cut to expand the economy to make everyone better off you the old-style -- better off. the old-style politicians give us shell gains rather than tax cuts. there one principle is to never take money away from washington. deficit was the prime rationale for the last two tax heights. two of the largest in history, which put america on a downward spiral, destroying growth and expanding the deficit. i am proposing real tax cuts. i believe growth is the key to unlocking the deficit prison. will i cut the budget? you bet. they will be strip
there would be no tax on social security tax on capital gains. it would set off a boom by letting people keep more of what they earn and lowering barriers to risk-taking. sometimes economic policymakers overlook a flat tax and tax cut would set off a boom by letting people keep more of what they earn and lowering barriers to risk-taking. only then do you create edit paying jobs. i will underline this distinction between my proposal and those offered by other candidates in this political season....
37
37
Dec 20, 2017
12/17
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CSPAN2
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eye 37
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president, the tax cuts and jobs act will deliver historic tax relief to american families. it will help our country on a trajectory towards more innovation and better paying jobs. it will repeal an unfair tax at the center of obamacare and will help america achieve greater energy security. so this is a once in a -- once-in-a-in a generation opportunity. i want to comment the work of chairman hatch, chairman enzi, chairman murkowski to bring it within reach and urge all of my colleagues to join me in approving the conference report and complete this victory for a senator: mr. president. the presiding officer: the senator from indiana. mr. young: mr. president, i rise today in support of the tax cut and jobs act. we know the world has changed a whole lot in the last 30 years. the way we travel, how we communicate, the way we work, our hey styles, the clothes we -- our hair styles, the
president, the tax cuts and jobs act will deliver historic tax relief to american families. it will help our country on a trajectory towards more innovation and better paying jobs. it will repeal an unfair tax at the center of obamacare and will help america achieve greater energy security. so this is a once in a -- once-in-a-in a generation opportunity. i want to comment the work of chairman hatch, chairman enzi, chairman murkowski to bring it within reach and urge all of my colleagues to join...
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Dec 6, 2015
12/15
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instead of a tax code that all of us can live by, we have a tax code that none of us can understand. we all know how hard it is to keep up with the competition overseas. and where i come from, overseas means lake superior. [laughter] well, the canadians are taxing their successful small businesses at 15%. our top tax rate on successful small businesses in america is effectively 44.6%. how can working families competes like that? the only way to fix our tax code is to simplify, simplify, simplify. " the loopholes and use that money to cut tax rates for everybody -- close the loopholes and use that money to cut tax rates for everybody. [applause] take the seven tax rates we have now and collapse them into two or three. i know people like many of these loopholes, and they have their reasons. but there are so many of them that now the tax code looks like a huge to do list. the washington -- but washington has no business managing people's lives. i know many of these loopholes will be fiercely defended. all i can say is we will not be cowed. [applause] we are not here to smooth things ove
instead of a tax code that all of us can live by, we have a tax code that none of us can understand. we all know how hard it is to keep up with the competition overseas. and where i come from, overseas means lake superior. [laughter] well, the canadians are taxing their successful small businesses at 15%. our top tax rate on successful small businesses in america is effectively 44.6%. how can working families competes like that? the only way to fix our tax code is to simplify, simplify,...
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Jan 9, 2018
01/18
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eye 51
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first the tax code. but pretty definitively, they are on their way back. likelihood they will be here next year. now what about the long term? $1i said, by 2019 we'll have .1 trillion on the deficit. if we assume all of those things extenders, and temporary tax relief. cetera, we'reet at $1.5 trillion in 2027. notice it is just two years. we only sent two years of sequester relief. is of the sudden spending going to be cut $100 billion. give me a break. lete not going to suddenly defense fall $55 billion. for onlysumed the tax two years. we're not going to let those go away. asssumed the tax bill written. even though it has the individual provisions expire, it toides that we're going advertise research and four yearstion after there's a number of changes that sunset and sun rice in the way that's unlikely to be sustained. let's assume all of this is ex tended. congress continues to act as they acted last year and suspect they will act this year. sort of a current policy base line. now we're at $2.1 trill
first the tax code. but pretty definitively, they are on their way back. likelihood they will be here next year. now what about the long term? $1i said, by 2019 we'll have .1 trillion on the deficit. if we assume all of those things extenders, and temporary tax relief. cetera, we'reet at $1.5 trillion in 2027. notice it is just two years. we only sent two years of sequester relief. is of the sudden spending going to be cut $100 billion. give me a break. lete not going to suddenly defense fall...
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Feb 17, 2015
02/15
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CSPAN
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eye 26
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so i want not only a flat tax, but a flat tax that is a tax cut. and let me caution my party that we must beware of the 'er' candidates -- those who put the letters 'er' at the end of every word, like "i want a tax that's flatter, fairer, simpler." the 'er' candidates will end up putting our country in the emergency room. another pillar of a family-friendly policy is sound money. that is, low mortgage rates. the house your parents or grandparents bought in the 1950's or '60s was probably bought with a 4 1/2 percent mortgage. but in the mid-1960s, the washington politicians took control of our money and started manipulating it for their own ends. they sat here in washington, pushed their levers and buttons, and turned the everyday economic reality from "ozzie and harriet" to "nightmare on elm street." the legacy of their power grab is the historically high interest rates that make families today slaves to their mortgages. high taxes and high mortgage rates have put families on a treadmill, and the treadmill is winning. this is why two family incomes
so i want not only a flat tax, but a flat tax that is a tax cut. and let me caution my party that we must beware of the 'er' candidates -- those who put the letters 'er' at the end of every word, like "i want a tax that's flatter, fairer, simpler." the 'er' candidates will end up putting our country in the emergency room. another pillar of a family-friendly policy is sound money. that is, low mortgage rates. the house your parents or grandparents bought in the 1950's or '60s was...
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Oct 1, 2011
10/11
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you already do not have a sales tax. you are relieved of that income tax. if you make this a right to work say, you will bring people into this state by the thousands. let me wrap up and say one more thing. right to work is not an anti- union bill. it is a pro-jobs bill. our friends who have chosen to be in unions, they will have access to more jobs, making this a right to work state. >> welcome to new hampshire. >> thank you, sir. >> you have said that you dispute the national academy of sciences finding that burning fossil fuels is the natural cause of global warming. in the california presidential debate, you said find out what the science truly is before you start putting american jobs in jeopardy. when asked twice for sources you use, you ducked the question. i would like to ask you a third time -- was sources of information do you rely on for your views on climate change? >> within the last couple of weeks, a renowned nobel laureate who joined the course that is time after time, information becomes available, they look at all of the data, and they say
you already do not have a sales tax. you are relieved of that income tax. if you make this a right to work say, you will bring people into this state by the thousands. let me wrap up and say one more thing. right to work is not an anti- union bill. it is a pro-jobs bill. our friends who have chosen to be in unions, they will have access to more jobs, making this a right to work state. >> welcome to new hampshire. >> thank you, sir. >> you have said that you dispute the...
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Jun 21, 2017
06/17
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CSPAN2
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eye 18
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you need to do is tax tax msg tax, that's an antitax, everybody here can do it to 5288, that energy tax of 5286, you'll stay connected with the nam on tax reform. i need everybody's help as we conclude the session, going to take slp as i know the speaker loves to do that. going to take a selfie of everybody here. that means i have to actually do it i guess there's a little technical work that has to be done here. hold on a second. i will get it. what's your password? >> all right, you've got to smile behind us. >>. >> i got the rabbit years behind you. thanks, i appreciate it. >> the boston globe reporting on yesterday's meeting with president trump and his ukrainian counterpart. the meeting with president poroshenko was described by the white house as a brief drop in but the two presidents pose for photographs in the oval office and made brief remarks follow
you need to do is tax tax msg tax, that's an antitax, everybody here can do it to 5288, that energy tax of 5286, you'll stay connected with the nam on tax reform. i need everybody's help as we conclude the session, going to take slp as i know the speaker loves to do that. going to take a selfie of everybody here. that means i have to actually do it i guess there's a little technical work that has to be done here. hold on a second. i will get it. what's your password? >> all right, you've...
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Mar 3, 2017
03/17
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CSPAN3
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eye 38
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will now effectively be the lowest tax country, up there with tax havens, having zero tax. and so the incentives for multinationals to engage in profit shifting will not disappear, it will no longer be of a direct concern to the u.s. because it won't affect our tax revenue. but it will certainly affect the tax revenue in other countries. now, i view this as a positive step in the sense that it encourages other countries to adopt this tax system as well. i guess some might review that as coercive. but i don't think it is any more coercive than the policies that other countries have been adopting and reducing their tax rates. that also encourages transfer pricing to shift profits out of the u.s. to those countries. i view this as really just figure out what the end of the logical end of the process will be of tax competition among countries and then moving directly to that end point rather than going through a period of painful transition. >> and just to be clear, what makes the u.s. tax haven under this proposal is not the reduction of the rate to 20%. it is the changing of
will now effectively be the lowest tax country, up there with tax havens, having zero tax. and so the incentives for multinationals to engage in profit shifting will not disappear, it will no longer be of a direct concern to the u.s. because it won't affect our tax revenue. but it will certainly affect the tax revenue in other countries. now, i view this as a positive step in the sense that it encourages other countries to adopt this tax system as well. i guess some might review that as...
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9.0
Aug 27, 2021
08/21
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CSPAN3
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eye 9
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income tax payers, making a total cut in tax rates of 30%. this three-year reduction will also apply to the tax on earned and unearned income, leading towards an eventual elimination of the president differential between the tax on on earned and unearned income. now, i would have hoped that we could be retroactive with this. but as it stands, the effective starting gate for these 10% personal income tax rate reductions will call for as of july 1st of this year. again, let me remind you that while this 30% reduction will leave the taxpayers with 500 billion dollars more in the pockets over the next five years, it's actually only a reduction in the tax increase already built into the system. unlike some past quote, unquote, tax reforms, this is not merely a shift off wealth between different sets of taxpayers. this proposal for an equal reduction in everyone's tax rates will expand our national prosperity in large national incomes and increase opportunities for all americans. some will argue, i know, that reducing tax rates now will be inflatio
income tax payers, making a total cut in tax rates of 30%. this three-year reduction will also apply to the tax on earned and unearned income, leading towards an eventual elimination of the president differential between the tax on on earned and unearned income. now, i would have hoped that we could be retroactive with this. but as it stands, the effective starting gate for these 10% personal income tax rate reductions will call for as of july 1st of this year. again, let me remind you that...
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Nov 11, 2017
11/17
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-- multiple independent analyses con clued that the republican tax -- conclude that the republican tax plan would increase taxes on millions of middle-class families, contrary to what republicans promised, what donald trump has promised. they said no middle-class people will get an increase. this is aimed at helping the middle class. but the vast majority of the help goes to the wealthiest and biggest corporations. a "new york times" analysis found that next year, the house republican plan would cause taxes to go up on one-third of middle-class families. by 2026, taxes would go up on nearly half of all middle-class families. so even if you come from a state with a lower tax rate, red state, it's probably a good bet that a quarter of middle-class families will get a tax break. i think the lowest i saw was 17% for west virginia. and so this hurts middle-class people, and it hurts certain middle-class people much worse than others, people who have student loans, people who have high medical expenses, people who come from states where there are large property taxes, people who have big mor
-- multiple independent analyses con clued that the republican tax -- conclude that the republican tax plan would increase taxes on millions of middle-class families, contrary to what republicans promised, what donald trump has promised. they said no middle-class people will get an increase. this is aimed at helping the middle class. but the vast majority of the help goes to the wealthiest and biggest corporations. a "new york times" analysis found that next year, the house republican...
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75
Mar 21, 2012
03/12
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more taxes on income, more taxes on gasoline, more taxes on giving gifts to other people. and then perhaps more defensively, more taxes on dying. what else comes out is $1.5 trillion of new spending in the president's budget. more spending on welfare. more spending on paying people not to work. and more to alternative energy. particularly those who have given football contribution toos the particular administration. if you want to sum up the president's budget, the one we're trying to provide the contrast to here today, it would be in some old fashioned language which used to be fashionable. it's a tax and spend opg. it raises taxes. and it raises spending. i wasn't around during those times. my guess is during the late '90s the previous democratic administration made it no longer fashionable to use the tax and spend liberal. perhaps with good purpose. we have seen other things accomplished during the late '90s. this president is making every effort to bring the words tax and spend liberal back into this town. and maybe that's fair. s maybe he's at least being honest about
more taxes on income, more taxes on gasoline, more taxes on giving gifts to other people. and then perhaps more defensively, more taxes on dying. what else comes out is $1.5 trillion of new spending in the president's budget. more spending on welfare. more spending on paying people not to work. and more to alternative energy. particularly those who have given football contribution toos the particular administration. if you want to sum up the president's budget, the one we're trying to provide...
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Sep 8, 2011
09/11
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tax cuts to the middle class. and here's the other thing i want the american people to know, the american jobs act will not add to the deficit, it will be paid for and here's how. the agreement we passed in july will cut government spending by about a trillion dollars over the next ten years. it also charges this congress to come up with an additional 1$1. trillion in savings by christmas. tonight i am asking you to increase that amount so it covers the full cost of the american jobs act and a week from monday i will be releasing a more ambitious deficit plan, a plan that will not only cover the cost of this jobs bill, but stabilize our debt in long run. [ applause ] this approach is basically the one i have been advocating for months. in addition to the trillion dollars of spending cuts i have already signed into law, it's a balanced plan that would reduce the deficit by making additional spending cuts, by making modest adjustments to health care programs like medicare and medicaid and by reforming our tax code i
tax cuts to the middle class. and here's the other thing i want the american people to know, the american jobs act will not add to the deficit, it will be paid for and here's how. the agreement we passed in july will cut government spending by about a trillion dollars over the next ten years. it also charges this congress to come up with an additional 1$1. trillion in savings by christmas. tonight i am asking you to increase that amount so it covers the full cost of the american jobs act and a...
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Jan 29, 2018
01/18
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they are the inheritance of decades of tax and tax and spend and spend. second, because our economic problems are deeply rooted and will not respond to quick political fixes, we must stick to our carefully integrated plan for recovery. that plan is based on four commonsense fundamentals: continued reduction of the growth in federal spending; preserving the individual and business tax reductions that will stimulate saving and investment; removing unnecessary federal regulations to spark productivity; and maintaining a healthy dollar and a stable monetary policy, the latter a responsibility of the federal reserve system. the only alternative being offered to this economic program is a return to the policies that gave us a trillion-dollar debt, runaway inflation, runaway interest rates and unemployment. the doubters would have us turn back the clock with tax increases that would offset the personal tax rate reductions already passed by this congress. raise present taxes to cut future deficits, they tell us. well, i don't believe we should buy that argument.
they are the inheritance of decades of tax and tax and spend and spend. second, because our economic problems are deeply rooted and will not respond to quick political fixes, we must stick to our carefully integrated plan for recovery. that plan is based on four commonsense fundamentals: continued reduction of the growth in federal spending; preserving the individual and business tax reductions that will stimulate saving and investment; removing unnecessary federal regulations to spark...
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35
Feb 14, 2018
02/18
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the tax cut is a big part of that, as is infrastructure. yesterday the president in unveiled the new economic outline. we are committed to quickly building a safe, reliable and modern infrastructure to meet the needs of the american people and to fuel economic growth. and to help make this possible we have a very special announcement today. in keeping with his campaign pledge, the president donates his salary on a quarterly basis to further work being done on important projects. most recently the president donated his third-quarter salary to help the department of health and human services combat the opioid epidemic. prior to that he donated to the department of education and the national park service. today the president will donate his fourth-quarter salary to the department of transportation to support their programs to rebuild and modernize our crumbling infrastructure. secretary of transportation elaine chao is here to accept the check. i would like to bring her appear to say a few words, say couple words on infrastructure and how thes
the tax cut is a big part of that, as is infrastructure. yesterday the president in unveiled the new economic outline. we are committed to quickly building a safe, reliable and modern infrastructure to meet the needs of the american people and to fuel economic growth. and to help make this possible we have a very special announcement today. in keeping with his campaign pledge, the president donates his salary on a quarterly basis to further work being done on important projects. most recently...
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35
Sep 29, 2013
09/13
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CSPAN2
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eye 35
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you're not going to get those jobs here to raising taxes on capital, on businesses and raising taxes on entrepreneurs. >> host: i want to ask you, there's a line that sometimes democrats use, presidents use that they think they've hit a home run when they started on there to begin with. >> guest: i think that is really -- i think that's an insulting thing to say because there's so many examples in this country of people who i just mentioned. people came with only the shirt on their. there's no question grow up in high income neighborhoods with access to good schools. they do have an advantage over people who grew up in inner cities school is a monthly neighborhoods. that's an image troubles and quite frankly. this is another theme of the book. what i believe is equality and opportunity. you and i are starting the race. we should both have the same opportunities to win that race. we've got to make sure that every low income person has a good school to go to and so on and so forth. but we should not, not, not strive for equality of outcomes. that is to say we are starting the same race
you're not going to get those jobs here to raising taxes on capital, on businesses and raising taxes on entrepreneurs. >> host: i want to ask you, there's a line that sometimes democrats use, presidents use that they think they've hit a home run when they started on there to begin with. >> guest: i think that is really -- i think that's an insulting thing to say because there's so many examples in this country of people who i just mentioned. people came with only the shirt on their....
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87
Feb 9, 2012
02/12
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CSPAN3
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tax. these two functions are not necessarily consistent and in some cases, may even be at odds. for publicly-traded companies focused on earnings per share, in addition to cash flows, changes in tax policy might not produce intended results if the effective tax policy on earnings per share is not well understood. as a recent tax notes article suggests, when presented with an option between targeting tax benefits and lower corporate rate, many publicly-traded companies might prefer a lower corporate rate over those tax benefits because of the book treatment. similarly, tax provisions that provide cash benefits might not have the desired affect on behavior. a variety of things can affect companies and their decision-making processes differently. the high u.s. corporate rate is a important factor for companies that use gaap or international accounting standards. if the rate is too high, companies will, all other factors being equal, allocate capital to a location providing more favorable tax
tax. these two functions are not necessarily consistent and in some cases, may even be at odds. for publicly-traded companies focused on earnings per share, in addition to cash flows, changes in tax policy might not produce intended results if the effective tax policy on earnings per share is not well understood. as a recent tax notes article suggests, when presented with an option between targeting tax benefits and lower corporate rate, many publicly-traded companies might prefer a lower...
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115
Jan 12, 2013
01/13
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with a. 08% increase in the sales and use tax that will not tax gasoline. we will be the first day in the nation to eliminate the gas tax, which is projected to be in a long-term stay a decline. over the next five years, this common sense change will provide over $600 million more from organic, economic growth, not from tax increases. we will maintain the tax on diesel fuel because 68% of that fuel is consumed by out-of-state truckers. trucks comprise four 0.2% of the road miles traveled the cost of to 80% of our maintenance needs. these policies taken together will generate $500 million for year by fy 2018. every new dollar you invest and maintenance equates to an additional dollar freed up for construction. the total impact will lead to $1.80 billion in new construction spending over the next five years. demand for new and improved transit and intercity passenger rail also continues to grow here in virginia. as new services come online, and the federal mandates of passenger rail investment are committed, we must provide additional revenue. the plan i prop
with a. 08% increase in the sales and use tax that will not tax gasoline. we will be the first day in the nation to eliminate the gas tax, which is projected to be in a long-term stay a decline. over the next five years, this common sense change will provide over $600 million more from organic, economic growth, not from tax increases. we will maintain the tax on diesel fuel because 68% of that fuel is consumed by out-of-state truckers. trucks comprise four 0.2% of the road miles traveled the...
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14
Sep 26, 2020
09/20
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CSPAN2
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eye 14
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and investigating the accuracy of those tax returns to look for the documents that the tax returns cover. >> the district attorney is not authorized more is there any allegation that he's engaged in on those terms in worldwide audit of the presidents tax returns. whether it's limited about some of their specific allegation. the return would have to be relevant to that. i'm no authority be subject to a worldwide audit. on that basis alone, the grand jury has every piece of paper and every tax issue were anywhere in the world. >> if grand jury in the new york county district attorney is investigating fraud. with respect to the operations and of an indonesian subsidiary or indonesian operations of the new york taxpayer, those operations were covered in the tax returns and trial in new york. how does get investigated for ecu not allowed to subpoena the documents that are the basis of the tax returns. filed in new york. >> i'm sorry. >> no, go ahead. >> i think your honors question highlights the importance in the final iteration, the new york strict attorney certain actions and therefore he
and investigating the accuracy of those tax returns to look for the documents that the tax returns cover. >> the district attorney is not authorized more is there any allegation that he's engaged in on those terms in worldwide audit of the presidents tax returns. whether it's limited about some of their specific allegation. the return would have to be relevant to that. i'm no authority be subject to a worldwide audit. on that basis alone, the grand jury has every piece of paper and every...
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35
Dec 16, 2017
12/17
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CSPAN
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eye 35
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to continue on tax reform. in the international area. i am convinced and members are as well we can do more to improve this tax code. i am hopeful democrats -- but they are defending the status quo, i hope they rethink that and work with us to improve the code. thank you. >> kevin mccarthy has announced the house will vote on the bill on tuesday. the tax reform bill is now available online. tofind that, go c-span.org/congress and watch the debate vote live tuesday on c-span. next, live, your calls and comments on "washington journal." and then president trump, chuck schumer, and nancy pelosi. followed by the joint conference committee meeting on the tax bill. speeches, election from the candidates in the alabama senate election. we can come on american history tv on c-span3, today at 6:00 p.m. eastern on the civil war, general's love to hate. confederate general joseph johnston. johnston's critics argued that his timidity was his enemy and his competitive miss -- and his ambativeness -- made him contributing fa
to continue on tax reform. in the international area. i am convinced and members are as well we can do more to improve this tax code. i am hopeful democrats -- but they are defending the status quo, i hope they rethink that and work with us to improve the code. thank you. >> kevin mccarthy has announced the house will vote on the bill on tuesday. the tax reform bill is now available online. tofind that, go c-span.org/congress and watch the debate vote live tuesday on c-span. next, live,...
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80
Mar 9, 2014
03/14
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barth do this by makings spending cuts and closing tax -- by making smart spending cuts and closing tax loopholes. right now our tax system provides the fifth two wealthy save.duals who we can help create jobs and grow the economy and expand opportunity without adding a dime to the deficit. we know the country that wins the race for new technologies will win the race for new jobs. hobbsate 45 manufacturing where universities will partner to turn groundbreaking research into new industries and jobs made in america. his budget expands access to the kind of high quality preschool and other learning programs to give all of our children the same kinds of opportunities that those wonderful children we just saw are getting right here. while not all of today's good jobs will require a four-year college degree, more and more will require some form of higher education or specialized training. this budget expands them to apprenticeships. we know that future generations will continue to do with the effects of a warming planet. it proposes a smarter way to address the cost of wildfires and includes
barth do this by makings spending cuts and closing tax -- by making smart spending cuts and closing tax loopholes. right now our tax system provides the fifth two wealthy save.duals who we can help create jobs and grow the economy and expand opportunity without adding a dime to the deficit. we know the country that wins the race for new technologies will win the race for new jobs. hobbsate 45 manufacturing where universities will partner to turn groundbreaking research into new industries and...
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180
Jul 24, 2010
07/10
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CSPAN
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eye 180
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we need to pay for those tax credits. having said that, my view is strongly that those credits are very, very important to the make it in america agenda, incurred to manufacturing in any way we can. we have to do that to the education component you spoke of earlier so we have the kind of technically scientifically, mathematically and engineering trained people to take the kinds of jobs that will expand manufacturing. we believe, with the national association of manufacturers, that america is the best place. we have the best resources in our people. given the proper environment, we will be able to compete with anybody in the world. i want to say that you can take the message back to the national association of manufacturers that i personally, and members of the democratic caucus, look forward to working with the national association of manufacturers toward our joint objectives. we do not always agree. nobody would expect that. but i think on this objective of creating jobs and making sure that the rest of the world knows t
we need to pay for those tax credits. having said that, my view is strongly that those credits are very, very important to the make it in america agenda, incurred to manufacturing in any way we can. we have to do that to the education component you spoke of earlier so we have the kind of technically scientifically, mathematically and engineering trained people to take the kinds of jobs that will expand manufacturing. we believe, with the national association of manufacturers, that america is...
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20
Apr 21, 2017
04/17
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eye 20
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, create middle income tax cuts to spur the economy, and make our business taxes competitive. right now we have some of the highest business tax rates in the world. we tax on worldwide income. we have this crazy system of deferral, so it is not a surprise those three things lead to u.s. companies leaving trillions of dollars offshore. so on the business side it's about making business taxes competitive and bringing back what we believe will be trillions of dollars to invest. >> so what i'm reading into that, lower corporate rates and dealing with the repatriation issues, getting the money back. when you do that, of course, it does cost money because if you're going reduce taxes, even if you're going to get more growth over time, there is a question about whether it has to be revenue neutral or not or whether you have to be fiscally responsible. what is the administration's thinking? >> you're on educated consumer. the deal will pay for itself. now, having said that, we fundamentally believe in dynamic scoring. so as you know, static scoring, you change the tax code, plug it in
, create middle income tax cuts to spur the economy, and make our business taxes competitive. right now we have some of the highest business tax rates in the world. we tax on worldwide income. we have this crazy system of deferral, so it is not a surprise those three things lead to u.s. companies leaving trillions of dollars offshore. so on the business side it's about making business taxes competitive and bringing back what we believe will be trillions of dollars to invest. >> so what...
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25
Nov 22, 2014
11/14
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CSPAN
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eye 25
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this is a good approach at looking at the distribution of the tax burden because it takes taxes minus social security benefits received. you are paying your taxes and you get something back. that is very good at showing the true burden of the tax system. , they charitable giving say charitable deductions will go away. here ist i want to make that economic growth drives the deductions. about 2% of gdp for the last 50 years, so the best thing that can happen for charitable deductions is for the economy to grow. i am going to skip the housing part because that's kind of complicated to explain in a short amount of time. up with why irap think the fair tax is the best. it promotes economic growth wages.esults in higher it puts workers in u.s. businesses unequal footing with the competition. it's fair and simple, transparent and understandable, and uniquely, everybody pays the tax. even though we say the poor pay no tax, it gets rebated back thehem, but when they go to store to buy something, they pay. they see the cost of government. thank you. >> we have for any questions. we have a quest
this is a good approach at looking at the distribution of the tax burden because it takes taxes minus social security benefits received. you are paying your taxes and you get something back. that is very good at showing the true burden of the tax system. , they charitable giving say charitable deductions will go away. here ist i want to make that economic growth drives the deductions. about 2% of gdp for the last 50 years, so the best thing that can happen for charitable deductions is for the...
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and that he was able to use tax deductions to create jobs. so to wrap that up, i mean there is no law requiring presidents to publish their tax returns, but tradition a has called for them to do so. president joe biden. # released his returns, dating back 22 years when he was running for office, but trump, they're breaking with tradition. to me, tell us this. could these documents cause an issue for donald trump on his run for president in $22004.00. it doesn't appear that they well, i mean, observers here seem to gauge that these documents do not indicate any sort of legal wrongdoing and person. trump supporters have stood squarely behind him through state and federal investigations and controversies. so these tax returns are not likely to shake that core group of supporters and for moderate democrats, this is for them proof that the former president has lied once again. so although it's important to have these documents on record, especially if we know that he's running again in 2024, it is not likely to move the needle much if at all publi
and that he was able to use tax deductions to create jobs. so to wrap that up, i mean there is no law requiring presidents to publish their tax returns, but tradition a has called for them to do so. president joe biden. # released his returns, dating back 22 years when he was running for office, but trump, they're breaking with tradition. to me, tell us this. could these documents cause an issue for donald trump on his run for president in $22004.00. it doesn't appear that they well, i mean,...
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Dec 11, 2018
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this wealth tax has existed for 40 years. the wealth tax, of course, has sometimes led to wealthy people leaving the country. this tax was cancelled for people who invested in the country. those who have a fortune will have continued to pay the tax. we can't go back. we will not go back. this will weaken us. we need to create jobs. the government and parliament must go further to put an end to the unjustified benefits advantages and to tax evasion. the wealthier people, the managers can't pay their taxes in france. we will meet the emergency, the social emergency by quicker tax cuts, better control of expenditure. i want the government to continue transforming our country. the people chose -- the people voted for this 18 months ago. we have to reform the state. we also have to reform unemployment benefits and retirement benefits. these are indispensable measures. we want rules that are clearer, simpler, fairer, and which reward hard work. today it is also with our collective project that we must move forward for france and fo
this wealth tax has existed for 40 years. the wealth tax, of course, has sometimes led to wealthy people leaving the country. this tax was cancelled for people who invested in the country. those who have a fortune will have continued to pay the tax. we can't go back. we will not go back. this will weaken us. we need to create jobs. the government and parliament must go further to put an end to the unjustified benefits advantages and to tax evasion. the wealthier people, the managers can't pay...
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Mar 10, 2017
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you can't substitute value added tax for income tax. what i was going to go to raw politics for a moment. which in my opinion, quite important the development of a tax reform plan. if you can't sustain it politically, what's the purpose? i would say there's virtually no support for value added tax on the hill. i believe the two would not have engaged in all of the intellectual activity they've done on the cash flow destination base tax if they thought a value added tax was vital alternative. it's not. i can see the value added tax coming many the future. if it is to support social programs, entitlement programs, where the regress of the tax would be offset by progress of the use of the tax program. the tax reseats just like equity tolerate regressive payroll taxes because they finance a very progressive benefit. i believe one reason other countries the people tolerate regressive value added taxes is because they see it as buying a very progressive benefit package. if it's devoted to rate reduction, you don't have to read much into senat
you can't substitute value added tax for income tax. what i was going to go to raw politics for a moment. which in my opinion, quite important the development of a tax reform plan. if you can't sustain it politically, what's the purpose? i would say there's virtually no support for value added tax on the hill. i believe the two would not have engaged in all of the intellectual activity they've done on the cash flow destination base tax if they thought a value added tax was vital alternative....